Christmas is a time for family, food and – of course – presents. But rumour has it that the best presents only go to the “nice” kids, with “naughty” ones finding nothing more than a lump of coal under the Christmas tree.

Fortunately for them, Frontier is at hand. Our stock-in(g)-trade is applying economics – sometimes in unusual ways – to help clients put forward their best case to stakeholders and policymakers. So this year, we thought we’d try to help your children turn their regulatory regime from threat to opportunity. Leave this bulletin on the kitchen table at your peril.